Final Assessment Quashed After Transfer Pricing Objections Were Mistakenly Filed Before Wrong Authority; Relief Granted: Gujarat High Court

The Gujarat High Court recently granted relief to Milacron India Private Limited after the company inadvertently filed its objections regarding a proposed transfer pricing adjustment for Assessment Year 2022-23 before the Jurisdictional Assessing Officer (JAO) instead of the Faceless Assessing Officer (NFAC). The petitioner had sought quashing of the final Assessment Order dated 02.05.2025 passed under Section 143(3) read with Section 144C(3) and Section 144B of the Income Tax Act.…